1961 – Major league clubs vote to curb bonuses. All first-year players not on major league rosters, except one minor leaguer, can be drafted by any other club for $8,000. Clubs are expected to be unwilling to pay large bonuses for players who will be subject to a draft for just $8,000.

This Day In Baseball

 

On December 2, 1961 — 1961 – Major league clubs vote to curb bonuses. All first-year players not on major league rosters, except one minor leaguer, can be drafted by any other club for $8,000. Clubs are expected to be unwilling to pay large bonuses for players who will be subject to a draft for just $8,000.

 

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Sources:

Baseball Reference December 2
SABR Games Project
Hall of Fame
National Pastime December 2
Replay The Game
Retro Sheet